Set off of brought forward loss
gautam kathiriya (student) (39 Points)
15 February 2020
Brought forward House property loss can be set off against current year business income?
2 Replies
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 15 February 2020
No
Brought forward HP losses can be sett of against HP income only
Brought forward HP losses can be sett of against HP income only
Atif Khan
(151 Points)
Replied 17 February 2020
Current Year Loss can be set off against other income...
But Brought forward Loss from Previous Years can be set off only against Income from House Property.. It can be Carry Forwardef upto 8 Assessment Years..
But Brought forward Loss from Previous Years can be set off only against Income from House Property.. It can be Carry Forwardef upto 8 Assessment Years..
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